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Unveiling the Threat: How to Recognize and Avoid Crypto Scams on WhatsApp
During the last decade, the market of cryptocurrencies has been noticed with rapid development and millions of investors have entered this market from different parts of the world. But alongside the rapid interest towards these markets, there also has been a rise t0 crypto related scams and one of the foremost social platforms enabling this is WhatsApp. This paper will examine what types of cryptocurrency scams WhatsApp has, and how the fraudsters try to trick the users of the application. We will examine strategies that would enable them to spot these scams and not fall for them. Free members can read here.
What is Crypto on WhatsApp?
With a large following and end to end encryption, many consider WhatsApp as safe for sharing financial discussions. Scammers do not sleep, and such assumptions are of no concern to them, as they have ways to circumvent such security. One of the most well-known types of crypto scams on WhatsApp is investing in fake investment opportunities with the help of representing trusted individuals or companies.
